Peoples Financial exec RSUs vest, 788 shares withheld
PEOPLES FINANCIAL SERVICES CORP.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
PEOPLES FINANCIAL SERVICES CORP. (PFIS) reported insider equity activity by EVP/Chief Lending Officer Jeffrey A. Drobins. On 8/29/2026, 1,887 RSUs converted into an equal number of common shares, with 788 shares withheld at $69.63 per share to cover exercise price or tax liability. Drobins continues to hold RSUs scheduled to vest annually through 2032, plus 5,907.582 common shares and 155 time-based restricted shares he solely owns, and 308 shares held indirectly in the PSBT 401(k) Profit Sharing Plan.
Insider Trade Summary
1,887 shares exercised/converted
Exercise
6 txns
Insider
Drobins Jeffrey A
Role
EVP/CHIEF LENDING OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3, F4 | 1,887 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 1,887 | -- | -- |
| Exercise Price or Tax Liability | Common Stock F2 | 788 | $69.63 | $55K |
| holding | Restricted Stock Units F5, F6, F7 | -- | -- | -- |
| holding | Restricted Stock Units F5, F8 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 10,865 contracts for 989 underlying shares (Direct);
Common Stock — 6,062.582 shares (Direct);
Common Stock — 308 shares (Indirect, PSBT 401(k) Profit Sharing Plan)
Footnotes (8)
- F1. Restricted stock units (RSUs) convert into common stock on a one-for-one basis.
- F2. This amount includes 155 shares of time based restricted common stock solely owned by Mr. Drobins and 5,907.5820 shares solely owned by Mr. Drobins.
- F3. On 8/29/2025, Mr. Drobins was granted 11,763 RSUs vesting in seven annual installments beginning 8/29/2026.
- F4. 1,887 RSUs vested on 8/29/2026 leaving 1,646 RSUs to vest each year on 8/29/2027, 8/29/2028, 8/29/2029, 8/29/2030, 8/29/2031, and 8/29/2032.
- F5. Each RSU represents a contingent right to receive one share of PFIS common stock.
- F6. On 3/28/2025, Mr. Drobins was granted 804 RSUs vesting in three annual installments beginning 3/11/2026.
- F7. 274 RSUs vested on 3/11/2026 leaving 266 RSUs to vest on 3/11/2027 and 264 RSUs to vest on 3/11/2028.
- F8. On 6/26/2026, Mr. Drobins was granted 715 RSUs vesting in three annual installments beginning 6/26/2027.
Key Figures
RSUs converted to common stock: 1,887 shares
Shares withheld for exercise price or tax liability: 788 shares
Disposition price per share: $69.63 per share
+5 more
8 metrics
RSUs converted to common stock
1,887 shares
RSUs converted into PFIS common stock on 8/29/2026
Shares withheld for exercise price or tax liability
788 shares
PFIS common shares disposed of at $69.63 per share on 8/29/2026
Disposition price per share
$69.63 per share
Price for 788 PFIS common shares used to pay exercise price or tax liability
RSUs granted 8/29/2025
11,763 RSUs
Grant to Drobins vesting in seven annual installments beginning 8/29/2026
RSUs remaining from 8/29/2025 grant per year
1,646 RSUs
To vest annually on 8/29 from 2027 through 2032
RSUs granted 3/28/2025
804 RSUs
Grant vesting in three annual installments beginning 3/11/2026
Solely owned common shares
5,907.582 shares
PFIS common shares solely owned by Drobins, excluding restricted stock
Time-based restricted common stock
155 shares
PFIS restricted common shares solely owned by Drobins
Key Terms
Restricted Stock Units, time based restricted common stock, Payment of exercise price or tax liability, PSBT 401(k) Profit Sharing Plan
4 terms
Restricted Stock Units financial
"Restricted stock units (RSUs) convert into common stock on a one-for-one basis"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time based restricted common stock financial
"This amount includes 155 shares of time based restricted common stock"
Payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
PSBT 401(k) Profit Sharing Plan financial
"Common Stock ... 308.0000 ... PSBT 401(k) Profit Sharing Plan"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PFIS executive Jeffrey A. Drobins report on 8/29/2026?
Jeffrey A. Drobins reported the vesting and conversion of 1,887 RSUs into PFIS common stock on 8/29/2026, with a portion of the resulting shares withheld to cover exercise price or tax obligations.
How many PFIS RSUs did Jeffrey Drobins have vest and how many remain from the 8/29/2025 grant?
From the 11,763 RSUs granted on 8/29/2025, 1,887 RSUs vested on 8/29/2026, leaving 1,646 RSUs scheduled to vest each year from 2027 through 2032.
What other PFIS RSU grants and vesting schedule does Drobins have outstanding?
Drobins received 804 RSUs on 3/28/2025, with 274 vested on 3/11/2026 and 266 and 264 RSUs vesting in 2027 and 2028. He also holds a 715 RSU grant from 6/26/2026, vesting in three annual installments starting 6/26/2027.
How do PFIS RSUs held by Drobins convert into common stock?
Each reported RSU represents a contingent right to receive one share of PFIS common stock, and restricted stock units convert into common stock on a one-for-one basis when they vest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
